Thursday May 7, 2015, 2:05pm PDT
Wildcat Silver Corporation (TSX:WS) reported the completion of 19,086 feet of diamond drilling at its Hermosa Northwest Project in Arizona. Wildcat intersected significant zinc-lead-silver sulfide mineralization – a highlight of which is 485 feet of 3.97% zinc. According to Chairman and CEO, Richard Warke, “For the balance of 2015 we plan to continue to drill, complete metallurgical testing and at the appropriate time, prepare an updated mineral resource.”
The Hermosa project is located in the Patagonia Mountains, southeast of Tucson, Arizona, near Regal Resources’ Sunnyside Project. Both projects are in a large corridor defined by deposits ranging from Groupo Mexico’s Cananea Mine (in central Sonora) to Resolution Copper Mining’s Resolution Copper Project.
As quoted in the press release:
In this most recent drilling Wildcat has intersected multiple intervals of significant zinc-lead-silver sulfide mineralization at Hermosa NW. The mineralized intervals selected for the above summary are only those for which the foot/percent zinc/lead/silver calculation exceeds 400 (i.e. drill interval times zinc%+lead%+silver opt is greater than 400). These results confirm that Hermosa NW is a large carbonate replacement sulfide zone containing high grades of zinc, lead and silver over significant widths. This current round of drilling represents a significant step out to the previous drill locations and the results indicate the deposit remains open to southwest, west and north. Please see Appendix 1 for a full listing of the mineralized intervals from this drilling and the Company’s website www.wildcatsilver.com for a complete list of all drill intercepts.
“These results are the best encountered to date on the Hermosa property and surely indicate we have an exciting year of drilling in front of us” commented Richard Warke, Wildcat’s Chairman and CEO. “For the balance of 2015 we plan to continue to drill, complete metallurgical testing and at the appropriate time, prepare an updated mineral resource.”
In contrast to the Hermosa Central Manto Oxide deposit, the Hermosa NW zinc-lead-silver mineralization encountered in the recent drilling represents significant thicknesses of coarse grained, sulfide minerals of sphalerite, galena and chalcopyrite which occur as strata-bound replacements in the Paleozoic carbonate section. The up dip portion of the mineralization is situated approximately 800 feet below the current ground surface and dips northwest at approximately 20 – 25 degrees. Of significance, the mineralization located to date for Hermosa NW has been drilled from the patented claims owned by the Company, which do not require additional drill permits for continued drilling. The Company is continuing to drill the Hermosa NW mineralization and updating its plans for the metallurgical work.